CalPERS, a California state pension fund, drew mixed reactions from candidates on the topic of cryptocurrency investments at Wednesday's forum, despite its ownership of Bitcoin treasury firm Strategy (formerly MicroStrategy).
Among the six candidates vying for a seat on the board of the California Public Employees' Retirement System (CalPERS), opinions were divided when asked whether bitcoin should be included in the $506 billion fund's portfolio.
According to its Q2 13F filing, CalPERS holds 410,596 shares of Strategy stock worth $165.90 million, giving the pension fund significant indirect bitcoin exposure through the company.
California's $500 billion Pension Fund Divided on Bitcoin Exposure
2025-09-04 06:31:09
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